NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced the appointment of five private client banking teams throughout the New York metropolitan area as well as a group director assigned to a existing team.
John Madigan has been appointed group chief executive, leading a team of six, all from Citibank. Madigan was previously Managing Director of Long Island with the Emerging Corporates group in Hauppauge, Long Island, NY, where he managed a large portfolio of commercial clients and a team of eight people. He began his career there and held various positions of increasing responsibility for three decades.
Joining the Madigan team, based in Melville, Long Island, NY, are several professionals who have been named Group Director and Senior Vice President. This includes Lou Bidalis, Keith Engley and Steven Schramm, all of whom served as Director of Relations and Vice President in their most recent roles at their former institutions. They have several decades of collective experience in developing and overseeing relationships with commercial banking clients. Keith Novitz, also named Group Director and Senior Vice President of Banking, most recently served as Senior Vice President of Commercial Banking at his former institution. He has also spent most of his 30-year career developing and managing a portfolio of corporate clients. Vicky Moore joined the team as a Senior Client Associate after spending 20 years in various roles at her former employer.
Tamra Postiglione, appointed Group Director and Senior Vice President, and Candice Singer, Associate Group Director and Vice President, both join Signature Bank’s private banking office in Garden City, Long Island, NY. They worked together at M&T Bank in Melville where Postiglione was Senior Vice President and Senior Relationship Manager for 17 years, and Singer was Senior Vice President and Relationship Manager for nearly 10 years. Each brings nearly three decades of experience in banking and financial services where they developed and managed a large portfolio of middle-market and not-for-profit clients. Joining the team is Vanessa Amendola as Senior Client Associate. She, too, previously worked with the team, as Assistant Vice President, Portfolio Manager/Commercial Relations Associate, at their former institution.
Leading another team in Garden City, Gary Raisig is named Group Manager and Senior Vice President. In support of Raisig, Scott Achtziger was also named group director and senior vice president. Both come from Capital One in Melville where they worked together for nearly a decade and served as directors and senior vice presidents. Raisig brings 16 years of banking experience to his new role while Achtziger brings nearly 20. Raisig managed a portfolio of middle-market clients in diverse industries on Long Island and Queens. Achtziger covered a diverse portfolio of corporate banking clients in the New York metropolitan area. Signature Bank is the third institution where Raisig and Achtziger work together.
Sergio Orellana and Jason Volges have each been named Group Director and Senior Vice President, also based in the Garden City office. Orellana and Volges, who will co-lead their new team, worked together for eight years at JPMorgan Chase & Co., Melville, each as a commercial banker and vice president of the institution’s Middle Market and Specialty Industries segment. Orellana and Volges spent 17 and 15 years there respectively.
Usha Balrup and Namia Sultana-Ball are based in the Bank’s Private Client Office in Long Island City, Queens, New York. Each was named group director and vice president, joining the Dime Community Bank where they previously worked together. Balrup, with 25 years of banking experience, was Vice President and Private Banker for the New York area, where she provided solutions and services to individuals and businesses. Sultana-Ball brings a decade of expertise in banking and financial services to her new role. Prior to joining the Bank, she was Vice President – Senior Private Banker at her former institution, where she served commercial and commercial and industrial (C&I) real estate clients throughout New York City.
Along with the appointment of these new teams, Signature Bank has also appointed Timothy Juliano Group Director and Senior Vice President, joining one of the Bank’s existing teams in Melville led by Group Director Thomas Rogers. Juliano also joins Dime Community Bank in Melville where he was Senior Vice President and Group Head, managing a team of Relationship Managers within the Middle Market Group. Juliano, a seasoned banker with 33 years of experience, brings extensive experience in working with construction contractors, among other industries.
“We continue to emphasize our relationship-based banking model across our growing national banking business. The success of this model is based on our proven ability to attract seasoned bankers to join teams and serve as a single point of contact for our clients. In the case of these New York area teams, they have all worked together in the past and bring their consistent relationships and vast experience to Signature Bank. The addition of these highly experienced professionals allows us to expand our founding footprint in the New York City subway, where we originally planted our roots 21 years ago. We look forward to the client relationships these teams will forge and the contributions they will make,” said Joseph J. DePaolo, co-founder, president and CEO of Signature Bank.
About Signature Bank
Signature Bank (Nasdaq: SBNY), Member FDIC, is a New York-based full-service commercial bank with 38 private client offices throughout the New York metropolitan area, as well as Connecticut, California and North Carolina. With its single-point-of-contact approach, the Bank’s retail banking teams primarily serve the needs of private businesses, their owners and senior executives.
The Bank has two wholly owned subsidiaries: Signature Financial, LLC, which provides financing and equipment leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment advisor and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.
Since commencing operations in May 2001, Signature Bank has reached $121.85 billion in assets and $109.16 billion in deposits as of March 31, 2022. Signature Bank has placed 19e on S&P Global list of largest banks in the United States, based on deposits at the end of 2021.
Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payment platform. Bookmark™ enables business customers to make real-time payments in US dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Department of Financial Services.
For more information, please visit https://www.signatureny.com.
This press release and oral statements made from time to time by our representatives contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on such statements as they are subject to many risks. and uncertainties relating to our business and our business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information regarding our expectations regarding future results, interest rate and interest rate environment, loan and deposit growth, loan performance, operations, new hires private client teams, new office openings, business strategy and the impact of the COVID -19 pandemic on each of the above and our business as a whole. Forward-looking statements often include words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “potential”, “opportunity”, “could”, “project “, “seek”, “target”, “goal”, “should”, “will”, “would”, “plan”, “estimate” or other similar expressions. When considering forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements and may change due to many possible events or factors, all of which are not known to us or within our control. These factors include, but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values and competition, which may materially affect origination levels and earnings on sales results in our business, as well as other aspects of our financial performance, including earnings on assets; (iii) the level of defaults, losses and prepayments on loans made by us, whether held in portfolio or sold in the general secondary loan markets, which may materially affect the charge-off levels and required credit loss reserve levels; (iv) changes in the monetary and fiscal policies of the United States government, including the policies of the United States Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the regulatory environment for banks and other financial services; (vi) our ability to maintain the continuity, integrity, safety and security of our operations; and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic and the conflict in Ukraine, which are impacting all aspects of our operations, the financial services industry and the economy as a whole. Additional risks are described in our quarterly and annual reports filed with the FDIC. Although we believe these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if anything changes or our beliefs, assumptions and expectations are incorrect, our business, financial condition, liquidity or results of operations could differ materially from those expressed in our forward-looking statements. You should keep in mind that any forward-looking statement made by Signature Bank speaks only as of the date on which it was made. New risks and uncertainties arise from time to time, and we cannot predict these events or their impact on the Bank. Signature Bank is under no obligation and does not intend to update or revise any forward-looking statements after the date on which they are made.